Global Automotive Parking Lock Actuators Market Growth 2023-2029

Global Automotive Parking Lock Actuators Market Growth 2023-2029


According to our (LP Info Research) latest study, the global Automotive Parking Lock Actuators market size was valued at US$ 1095.6 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the Automotive Parking Lock Actuators is forecast to a readjusted size of US$ 3721.6 million by 2029 with a CAGR of 19.1% during review period.

The research report highlights the growth potential of the global Automotive Parking Lock Actuators market. With recovery from influence of COVID-19 and the Russia-Ukraine War, Automotive Parking Lock Actuators are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Parking Lock Actuators. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Parking Lock Actuators market.

Parking lock actuators are electromechanical devices used to control the movement and operation of parking lock systems, which are used to secure parking spaces and prevent unauthorized access.

The Parking Lock Actuators market refers to the industry involved in the production and distribution of actuators specifically designed for parking lock systems. Parking lock actuators are electromechanical devices used to control the movement and operation of parking lock systems, which are used to secure parking spaces and prevent unauthorized access.

Parking lock systems are commonly used in parking lots, garages, and private driveways to reserve parking spaces or control access to designated areas. The actuators in these systems are responsible for raising and lowering the parking locks, allowing or restricting access to the parking spaces.

The market for parking lock actuators has witnessed growth due to the increasing demand for efficient parking management systems and the need for enhanced security in parking facilities. Factors such as urbanization, the growing number of vehicles, and the need to optimize parking space utilization have contributed to the market's expansion.

Key players in the parking lock actuators market include manufacturers, suppliers, and distributors of actuators and related components. These companies offer a range of actuators with different specifications, power options, and control mechanisms to meet the specific requirements of parking lock systems.

The market is driven by factors such as the need for automated parking solutions, improved parking space utilization, enhanced security and access control, and the integration of parking management systems with smart technologies. Actuators that offer features such as remote control operation, programmable settings, and compatibility with parking management software are in high demand.

Geographically, the market for parking lock actuators is global, with demand coming from various regions including North America, Europe, Asia Pacific, and the rest of the world. The market growth is influenced by factors such as urban development, infrastructure projects, and the expansion of commercial and residential spaces.

Additionally, advancements in actuator technology, such as the development of more compact and efficient actuators, improved durability and reliability, and the integration of wireless communication capabilities, are expected to drive the market forward. These advancements aim to provide better user experience, increased functionality, and seamless integration with parking management systems.

Key Features:

The report on Automotive Parking Lock Actuators market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Parking Lock Actuators market. It may include historical data, market segmentation by Type (e.g., Electric Parking Lock Actuators, Hydraulic Parking Lock Actuators), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Parking Lock Actuators market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Parking Lock Actuators market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Automotive Parking Lock Actuators industry. This include advancements in Automotive Parking Lock Actuators technology, Automotive Parking Lock Actuators new entrants, Automotive Parking Lock Actuators new investment, and other innovations that are shaping the future of Automotive Parking Lock Actuators.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Parking Lock Actuators market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Parking Lock Actuators product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Parking Lock Actuators market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Parking Lock Actuators market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Parking Lock Actuators market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Parking Lock Actuators industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Parking Lock Actuators market.

Market Segmentation:

Automotive Parking Lock Actuators market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Electric Parking Lock Actuators
Hydraulic Parking Lock Actuators

Segmentation by application
Electric Vehicle (EV)
Hybrid Electric Vehicle(HEV)

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Stoneridge
Bitron
Valeo
Schaeffler
Kongsberg Automotive
DENSO
ASIN
Dura-Shiloh
Vitesco Technologies
EFI Automotive
JOPP Group
Johnson Electric
Zhaowei
Ningbo Gaofa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Parking Lock Actuators market?

What factors are driving Automotive Parking Lock Actuators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Parking Lock Actuators market opportunities vary by end market size?

How does Automotive Parking Lock Actuators break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.


*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive Parking Lock Actuators Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Automotive Parking Lock Actuators by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Automotive Parking Lock Actuators by Country/Region, 2018, 2022 & 2029
2.2 Automotive Parking Lock Actuators Segment by Type
2.2.1 Electric Parking Lock Actuators
2.2.2 Hydraulic Parking Lock Actuators
2.3 Automotive Parking Lock Actuators Sales by Type
2.3.1 Global Automotive Parking Lock Actuators Sales Market Share by Type (2018-2023)
2.3.2 Global Automotive Parking Lock Actuators Revenue and Market Share by Type (2018-2023)
2.3.3 Global Automotive Parking Lock Actuators Sale Price by Type (2018-2023)
2.4 Automotive Parking Lock Actuators Segment by Application
2.4.1 Electric Vehicle (EV)
2.4.2 Hybrid Electric Vehicle(HEV)
2.5 Automotive Parking Lock Actuators Sales by Application
2.5.1 Global Automotive Parking Lock Actuators Sale Market Share by Application (2018-2023)
2.5.2 Global Automotive Parking Lock Actuators Revenue and Market Share by Application (2018-2023)
2.5.3 Global Automotive Parking Lock Actuators Sale Price by Application (2018-2023)
3 Global Automotive Parking Lock Actuators by Company
3.1 Global Automotive Parking Lock Actuators Breakdown Data by Company
3.1.1 Global Automotive Parking Lock Actuators Annual Sales by Company (2018-2023)
3.1.2 Global Automotive Parking Lock Actuators Sales Market Share by Company (2018-2023)
3.2 Global Automotive Parking Lock Actuators Annual Revenue by Company (2018-2023)
3.2.1 Global Automotive Parking Lock Actuators Revenue by Company (2018-2023)
3.2.2 Global Automotive Parking Lock Actuators Revenue Market Share by Company (2018-2023)
3.3 Global Automotive Parking Lock Actuators Sale Price by Company
3.4 Key Manufacturers Automotive Parking Lock Actuators Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Automotive Parking Lock Actuators Product Location Distribution
3.4.2 Players Automotive Parking Lock Actuators Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Automotive Parking Lock Actuators by Geographic Region
4.1 World Historic Automotive Parking Lock Actuators Market Size by Geographic Region (2018-2023)
4.1.1 Global Automotive Parking Lock Actuators Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Automotive Parking Lock Actuators Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Automotive Parking Lock Actuators Market Size by Country/Region (2018-2023)
4.2.1 Global Automotive Parking Lock Actuators Annual Sales by Country/Region (2018-2023)
4.2.2 Global Automotive Parking Lock Actuators Annual Revenue by Country/Region (2018-2023)
4.3 Americas Automotive Parking Lock Actuators Sales Growth
4.4 APAC Automotive Parking Lock Actuators Sales Growth
4.5 Europe Automotive Parking Lock Actuators Sales Growth
4.6 Middle East & Africa Automotive Parking Lock Actuators Sales Growth
5 Americas
5.1 Americas Automotive Parking Lock Actuators Sales by Country
5.1.1 Americas Automotive Parking Lock Actuators Sales by Country (2018-2023)
5.1.2 Americas Automotive Parking Lock Actuators Revenue by Country (2018-2023)
5.2 Americas Automotive Parking Lock Actuators Sales by Type
5.3 Americas Automotive Parking Lock Actuators Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive Parking Lock Actuators Sales by Region
6.1.1 APAC Automotive Parking Lock Actuators Sales by Region (2018-2023)
6.1.2 APAC Automotive Parking Lock Actuators Revenue by Region (2018-2023)
6.2 APAC Automotive Parking Lock Actuators Sales by Type
6.3 APAC Automotive Parking Lock Actuators Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Automotive Parking Lock Actuators by Country
7.1.1 Europe Automotive Parking Lock Actuators Sales by Country (2018-2023)
7.1.2 Europe Automotive Parking Lock Actuators Revenue by Country (2018-2023)
7.2 Europe Automotive Parking Lock Actuators Sales by Type
7.3 Europe Automotive Parking Lock Actuators Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive Parking Lock Actuators by Country
8.1.1 Middle East & Africa Automotive Parking Lock Actuators Sales by Country (2018-2023)
8.1.2 Middle East & Africa Automotive Parking Lock Actuators Revenue by Country (2018-2023)
8.2 Middle East & Africa Automotive Parking Lock Actuators Sales by Type
8.3 Middle East & Africa Automotive Parking Lock Actuators Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Automotive Parking Lock Actuators
10.3 Manufacturing Process Analysis of Automotive Parking Lock Actuators
10.4 Industry Chain Structure of Automotive Parking Lock Actuators
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Automotive Parking Lock Actuators Distributors
11.3 Automotive Parking Lock Actuators Customer
12 World Forecast Review for Automotive Parking Lock Actuators by Geographic Region
12.1 Global Automotive Parking Lock Actuators Market Size Forecast by Region
12.1.1 Global Automotive Parking Lock Actuators Forecast by Region (2024-2029)
12.1.2 Global Automotive Parking Lock Actuators Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Automotive Parking Lock Actuators Forecast by Type
12.7 Global Automotive Parking Lock Actuators Forecast by Application
13 Key Players Analysis
13.1 Bosch
13.1.1 Bosch Company Information
13.1.2 Bosch Automotive Parking Lock Actuators Product Portfolios and Specifications
13.1.3 Bosch Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Bosch Main Business Overview
13.1.5 Bosch Latest Developments
13.2 Stoneridge
13.2.1 Stoneridge Company Information
13.2.2 Stoneridge Automotive Parking Lock Actuators Product Portfolios and Specifications
13.2.3 Stoneridge Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Stoneridge Main Business Overview
13.2.5 Stoneridge Latest Developments
13.3 Bitron
13.3.1 Bitron Company Information
13.3.2 Bitron Automotive Parking Lock Actuators Product Portfolios and Specifications
13.3.3 Bitron Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Bitron Main Business Overview
13.3.5 Bitron Latest Developments
13.4 Valeo
13.4.1 Valeo Company Information
13.4.2 Valeo Automotive Parking Lock Actuators Product Portfolios and Specifications
13.4.3 Valeo Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Valeo Main Business Overview
13.4.5 Valeo Latest Developments
13.5 Schaeffler
13.5.1 Schaeffler Company Information
13.5.2 Schaeffler Automotive Parking Lock Actuators Product Portfolios and Specifications
13.5.3 Schaeffler Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Schaeffler Main Business Overview
13.5.5 Schaeffler Latest Developments
13.6 Kongsberg Automotive
13.6.1 Kongsberg Automotive Company Information
13.6.2 Kongsberg Automotive Automotive Parking Lock Actuators Product Portfolios and Specifications
13.6.3 Kongsberg Automotive Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Kongsberg Automotive Main Business Overview
13.6.5 Kongsberg Automotive Latest Developments
13.7 DENSO
13.7.1 DENSO Company Information
13.7.2 DENSO Automotive Parking Lock Actuators Product Portfolios and Specifications
13.7.3 DENSO Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 DENSO Main Business Overview
13.7.5 DENSO Latest Developments
13.8 ASIN
13.8.1 ASIN Company Information
13.8.2 ASIN Automotive Parking Lock Actuators Product Portfolios and Specifications
13.8.3 ASIN Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 ASIN Main Business Overview
13.8.5 ASIN Latest Developments
13.9 Dura-Shiloh
13.9.1 Dura-Shiloh Company Information
13.9.2 Dura-Shiloh Automotive Parking Lock Actuators Product Portfolios and Specifications
13.9.3 Dura-Shiloh Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Dura-Shiloh Main Business Overview
13.9.5 Dura-Shiloh Latest Developments
13.10 Vitesco Technologies
13.10.1 Vitesco Technologies Company Information
13.10.2 Vitesco Technologies Automotive Parking Lock Actuators Product Portfolios and Specifications
13.10.3 Vitesco Technologies Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Vitesco Technologies Main Business Overview
13.10.5 Vitesco Technologies Latest Developments
13.11 EFI Automotive
13.11.1 EFI Automotive Company Information
13.11.2 EFI Automotive Automotive Parking Lock Actuators Product Portfolios and Specifications
13.11.3 EFI Automotive Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 EFI Automotive Main Business Overview
13.11.5 EFI Automotive Latest Developments
13.12 JOPP Group
13.12.1 JOPP Group Company Information
13.12.2 JOPP Group Automotive Parking Lock Actuators Product Portfolios and Specifications
13.12.3 JOPP Group Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 JOPP Group Main Business Overview
13.12.5 JOPP Group Latest Developments
13.13 Johnson Electric
13.13.1 Johnson Electric Company Information
13.13.2 Johnson Electric Automotive Parking Lock Actuators Product Portfolios and Specifications
13.13.3 Johnson Electric Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.13.4 Johnson Electric Main Business Overview
13.13.5 Johnson Electric Latest Developments
13.14 Zhaowei
13.14.1 Zhaowei Company Information
13.14.2 Zhaowei Automotive Parking Lock Actuators Product Portfolios and Specifications
13.14.3 Zhaowei Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.14.4 Zhaowei Main Business Overview
13.14.5 Zhaowei Latest Developments
13.15 Ningbo Gaofa
13.15.1 Ningbo Gaofa Company Information
13.15.2 Ningbo Gaofa Automotive Parking Lock Actuators Product Portfolios and Specifications
13.15.3 Ningbo Gaofa Automotive Parking Lock Actuators Sales, Revenue, Price and Gross Margin (2018-2023)
13.15.4 Ningbo Gaofa Main Business Overview
13.15.5 Ningbo Gaofa Latest Developments
14 Research Findings and Conclusion

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